A crypto exchange is an online marketplace where cryptocurrencies are bought, sold, and traded.
These exchanges are broadly categorized into two main types: centralized and decentralized.
Centralized exchanges (CEXs) are controlled by central authorities, offering ease of use for users.
The downside is the reliance on simply click the next website exchange for fund storage, which may result in fund mismanagement.
Conversely, decentralized exchanges (DEXs) enable users to transact independently. Relying on decentralized infrastructure, DEXs enhance security but can be complex to navigate.
Choosing a crypto exchange depends on user needs and priorities. By understanding the unique traits of CEXs and DEXs, individuals are better equipped to navigate the crypto space.
